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Radius Health Inc. has closed on a $21.4 million third tranche of its $91 million, three-tranche financing round announced in May 2011. The third tranche brings gross proceeds received to $78.7 million. The company has an additional $12.5 million of debt financing from GE Capital, Healthcare Financial Services and Oxford Finance.

Finnish gaming firm Rovio, creator of "Angry Birds," is planning an initial public offering on the Hong Kong stock exchange in 2013, Reuters wrote Friday, citing the Finnish weekly Tekniikka&Talous. In May Rovio Chief Executive Mikael Hed told Reuters the firm was aiming for a stock market listing in New York in 2-3 years time. Earlier this year, Rovio raised $42 million from venture capital firms including Accel Partners.

European power firm Vattenfall is selling its electricity distribution and district heating businesses in Finland to a consortium of investors in a deal worth 1.5 billion euros ($2 billion), Reuters reported Friday. The buyer is Lakeside Network Investments, a consortium made up of 3i Infrastructure, 3i Group, GS Infrastructure Partners and Ilmarinen Mutual Pension Insurance Co.

Insurance broker Brown & Brown Inc. will pay $395 million in cash to buy Arrowhead General Insurance Agency Inc., a company owned by Spectrum Equity Investors and JMI Equity, Reuters reported. The purchase price is subject to adjustments based on Arrowhead's working capital, debt and net tax operating losses, Reuters wrote.

First Reserve Corp. is acquiring a portfolio of natural gas fired power generation plants from Arclight Capital, the firm announced Friday. Also, as part of the deal, the California Public Employees’ Retirement System will acquire the Neptune Regional Transmission System. First Reserve’s Energy Infrastructure Fund will take a controlling ownership position in the power portfolio, and CalPERS’ investment will result in direct ownership of 75% of the Class C shares of Neptune, the firm announced. Terms of the deal were not released.

American Industrial Partners, a New York-based middle market buyout firm, has closed its new fund, American Industrial Partners Capital Fund V, L.P., with $700 million. The firm, which focuses on buying North American industrial businesses, said it exceeded its $500 million target.

Private equity firms Nordic Capital and CVC are forming a new Swedish chocolate and candy company by merging their LEAF company with well-known name Cloetta, Reuters wrote Friday. The deal values LEAF at 6.8 billion Swedish crowns ($974.8 million) on a cash and debt-free basis. After the deal, current top Cloetta shareholder Malfors Promotor will hold 22% of the share capital and 39.9% of the votes in the new company, Reuters reported. CVC will hold 33% of the share capital and 25.4% of the votes, while Nordic Capital will hold 24.6% of the shares and 18.9% of the votes.

Credit Agricole is selling its private equity unit to UK-based buyout shop Coller Capital for roughly 300 million euros ($389.92 million), Reuters reported Friday. The deal will reduce the risk-weighted assets of Credit Agricole by 900 million euros, Reuters wrote. Coller Capital specializes in buying secondary private equity assets.

REACH Medical Holdings, a company backed by Heritage Partners, is merging with Cal-Ore Life Flight. Cal-Ore is a provider of air and ground medical transportation services. Santa Rosa, Calif.-based REACH provides helicopter and airplane patient transportation for critically ill or injured patients. Terms of the deal were not released. Provident Healthcare Partners served as the exclusive financial advisor to Cal-Ore.

IBM will acquire Emptoris Inc., a provider of cloud and on-premise analytics software for procurement and supply chain operations. Terms of the deal were not released. Founded in 1999, Emptoris was majority owned by Los Angeles-based private equity firm Marlin Equity Partners. Emptoris is based in Burlington, Mass.